bitstamp BTC last price is 608.90000 USD
btc-e PPC average price is 0.000505 BTC
Poloniex NBT/BTC 0.00163659 $ 0.99652
The following calculations use 1 NBT = $1.
Tier 4 buy side funds 0.000000 BTC, 0.000000 PPC, and $0.000000, valued $0.000000 (0.000000 BTC)
Of the 500189.862800 NBT in circulation, 500189.862800 - 0.000000(NuSafe) = 500189.862800 NBT are outstanding.
100.00 percent of outstanding Nubits, 500189.862800 NBT (821.464711 BTC), are reserved and excluded from the share buyback calculation.
0.000000 - 821.464711 = -821.464711 BTC (0.000000 - 500189.862800 = -500189.862800 NBT) are in the share buyback pool.
The Standard is 5.00 percent of this, -41.0732 BTC (~ -25009.49 NBT)
Standard < -2500: Sell 25009.49 NBT (41.0732 BTC) amount of NSR next week.
Auxiliary reserve flow is 0.100000
PPC Standard is -2500.949314 NBT
Standard x F (-2500.949314) < -1000: Sell -2500.95 NBT (4.1073 BTC) amount of PPC next week.
Liquidity Operations
Poloniex balance is 73844.00 US-NBT
Liquidity Operations
Bittrex balance is 3018.66 US-NBT
NuLagoon
Balance is 27777.00 US-NBT
Total parked US-NBT is 9351.5746.
Total US-NBT in circulation is 117420.54. (corrected value is 173404.6603)
Reserves (in US-NBT)
Poloniex: 10003.95
NuLagoon: 2225.10
Bittrex: 1970.84
Total Tier 1 reserves: 14199.89 Total Tier 4 reserves: 0 The primary reserves in tier 5 and 6 are undefined, but monthly liquidity of NSR is currently 291,209 US-NBT
We are required to have 56,986.82 (corrected value is 82,943.68) US-NBT in tier 1 through 4 reserves. This means that as soon as 42,786.93 (corrected value is 68,743.79) US-NBT is raised through NSR, US-NBT or CN-NBT sales on a combined basis, any additional funds raised can go to NSR buyback, less any additional reserve requirements or funds spent going forward.
(Edit) The balance reported for blockchain address BJLmVRdGFi4q7Zidwzr4CPPsLT6pozR31a was outdated as reported on November 24th. The original erroneous figure and the corrected value now appear. The error could have spotted by anyone conducting a brief check of the figures by checking the balance reported in a publicly available blockchain explorer. Calculating these figures is a task I have been reluctant to take on personally. I had invited and mhps had agreed to provide these figures in recent times, but he actually did not do so. I had individually invited two others I thought would be likely and able to do the task above as well, but final figures were not to be had that way. Consistent with my habit of filling important shareholder needs where there are gaps, I provided what was needed in the most efficient way possible. It was the first calculation using this method, so an oversight is not exactly unexpected.
@masterOfDisaster can easily reduce the $69,000 we need to start NSR buybacks to $59,000 by transferring the NuShare holder funds he is in possession of (13 BTC) to the Poloniex gateway at 1L55nYrmDEVSmwrLRBkXDCRc7kRJ9YDKVP. The funds will be immediately placed on the buy side.
@masterOfDisaster, what is your reason for withholding these shareholder funds that were earmarked solely for liquidity operations?
Should we be calling these stolen funds at this point?
As Chief of Liquidity Operations, I am requesting that all of the above funds be transferred to liquidity operations address BJLmVRdGFi4q7Zidwzr4CPPsLT6pozR31a, an address I have the key to. They are all shareholders funds earmarked for liquidity operations.
@jooize, I would like you to send 100,000 US-NBT there as well.
Liquidity Operations
Poloniex balance is 72904.65 US-NBT
Liquidity Operations
Bittrex balance is 3716.42 US-NBT
NuLagoon
Balance is 27777.00 US-NBT
Total parked US-NBT is 9366.57
Total US-NBT in circulation is 165,209.49
Reserves (in US-NBT)
Poloniex: 10045.31
NuLagoon: 2199.87
Bittrex: 2484.03
Total Tier 1 reserves: 14729.21 Total Tier 4 reserves: 0 The primary reserves in tier 5 and 6 are undefined, but monthly liquidity of NSR is currently 234,462 US-NBT
We are required to have 79,192.97 US-NBT in tier 1 through 4 reserves. This means that as soon as 64,463.76 US-NBT is raised through NSR, US-NBT or CN-NBT sales on a combined basis, any additional funds raised can go to NSR buyback, less any additional reserve requirements or funds spent going forward.
Liquidity Operations
Poloniex balance is 72904.65 US-NBT
Liquidity Operations
Bittrex balance is 2500.63 US-NBT
NuLagoon
Balance is 27777.00 US-NBT
Total parked US-NBT is 9365.74
Total US-NBT in circulation is 146,553.12
Reserves (in US-NBT)
Poloniex: 8968.72
NuLagoon: 2278.53
Bittrex: 1511.48
Total Tier 1 reserves: 12758.73 Total Tier 4 reserves: 0 The primary reserves in tier 5 and 6 are undefined, but monthly liquidity of NSR is currently 218,528 US-NBT
We are required to have 70,591.83 US-NBT in tier 1 through 4
reserves. This means that as soon as 57,833.10 US-NBT is raised through NSR, US-NBT or CN-NBT sales on a combined basis, any additional funds raised can go to NSR buyback, less any additional reserve requirements or funds spent going forward.
Blockheight is 1180227
Total US-NBT = 1,141,158.2551
Shareholder controlled US-NBT
FLOT 3-of-5 multisig
Balance of BqyRzFtWXDmjxrYpyJD42MLE5xc8FrB4js is 303357.4886 NBT
Liquidity Operations
Balance of BJLmVRdGFi4q7Zidwzr4CPPsLT6pozR31a is 505328.7356 US-NBT
Liquidity Operations
Balance of B71AkDjzm4S24KoXGoq6W3hynexAyNb9FV is 73371.73 US-NBT
Liquidity Operations
Poloniex balance is 72902.21 US-NBT
Liquidity Operations
Bittrex balance is 2499.72 US-NBT
NuLagoon
Balance is 27777.00 US-NBT
Total parked US-NBT is 9397.00
Total US-NBT in circulation is 146,524.37
Reserves (in US-NBT)
Poloniex: 10574.14
NuLagoon: 2320.74
Bittrex: 2546.94
Total Tier 1 reserves: 15441.82 Total Tier 4 reserves: 0 The primary reserves in tier 5 and 6 are undefined, but monthly liquidity of NSR is currently 199,001 US-NBT
We are required to have 70,578.51 US-NBT in tier 1 through 4 reserves. This means that as soon as 55,136.69 US-NBT is raised through NSR, US-NBT or CN-NBT sales on a combined basis, any additional funds raised can go to NSR buyback, less any additional reserve requirements or funds spent going forward.
FLOT 3-of-5 multisig
Balance of BqyRzFtWXDmjxrYpyJD42MLE5xc8FrB4js is 303357.4886 NBT
Liquidity Operations
Balance of BJLmVRdGFi4q7Zidwzr4CPPsLT6pozR31a is 505328.7356 US-NBT
Liquidity Operations
Balance of B71AkDjzm4S24KoXGoq6W3hynexAyNb9FV is 73371.73 US-NBT
Liquidity Operations
Poloniex balance is 73482.76 US-NBT
Liquidity Operations
Bittrex balance is 2610.45 US-NBT
NuLagoon
Balance is 27777.00 US-NBT
Total parked US-NBT is 8131.00
Total US-NBT in circulation is 147,110.50
CN-NBT
Total CN-NBT = 2,000,000
Shareholder controlled CN-NBT
Liquidity Operations
Balance of YhSEw9AGBJ3KtqLrxeQrcsTVk5u57pA88m is 2000000
Total parked CN-NBT is 0
Total CN-NBT in circulation is 0
Total NuBits (including all kinds) in circulation is 147,110.50 US-NBT
Reserves (in US-NBT)
Poloniex: 12702.79
NuLagoon: 2360.61
Bittrex: 2472.84
Total Tier 1 reserves: 17536.24 Total Tier 4 reserves: 0 The primary reserves in tier 5 and 6 are undefined, but monthly liquidity of NSR is currently 177,065 US-NBT
We are required to have 70,850.06 US-NBT in tier 1 through 4 reserves. This means that as soon as 53,313.82 US-NBT is raised through NSR, US-NBT or CN-NBT sales on a combined basis, any additional funds raised can go to NSR buyback, less any additional reserve requirements or funds spent going forward.
FLOT 3-of-5 multisig
Balance of BqyRzFtWXDmjxrYpyJD42MLE5xc8FrB4js is 303357.49 NBT
Liquidity Operations
Balance of BJLmVRdGFi4q7Zidwzr4CPPsLT6pozR31a is 509128.74 US-NBT
Liquidity Operations
Balance of B71AkDjzm4S24KoXGoq6W3hynexAyNb9FV is 65977.63 US-NBT
Liquidity Operations
Poloniex balance is 79545.30 US-NBT
Liquidity Operations
Bittrex balance is 9962.56 US-NBT
NuLagoon
Balance is 27777.00 US-NBT
Total parked US-NBT is 8193.95
Total US-NBT in circulation is 137,224.39
CN-NBT
Total CN-NBT = 2,000,000
Shareholder controlled CN-NBT
Liquidity Operations
Balance of YhSEw9AGBJ3KtqLrxeQrcsTVk5u57pA88m is 2000000
Total parked CN-NBT is 0
Total CN-NBT in circulation is 0
Total NuBits (including all kinds) in circulation is 137,224.39 US-NBT
Reserves (in US-NBT)
Poloniex: 13113.47
NuLagoon: 2736.90
Bittrex: 2816.99
Total Tier 1 reserves: 18667.36 Total Tier 4 reserves: 0 The primary reserves in tier 5 and 6 are undefined, but monthly liquidity of NSR is currently 144,073 US-NBT
We are required to have 66,258.38 US-NBT in tier 1 through 4 reserves. This means that as soon as 47,591.02 US-NBT is raised through NSR, US-NBT or CN-NBT sales on a combined basis, any additional funds raised can go to NSR buyback, less any additional reserve requirements or funds spent going forward.
There has been heavy downward pressure on the NuBit supply this last week due to a 20% rise in Bitcoin and the announcement that Poloniex is delisting US NuBits 5 days ago. Even so, it only resulted in a reduction in the circulating money supply of about 10,000. If that is what happens under very adverse circumstances, what will happen under neutral or favorable conditions?
Furthermore, even with this bad news and shrink in the money supply, our distance from reserve equilibrium continues to collapse, by nearly $6,000 or 11% this week. Each of the 6 six weeks this data has been collected and reported, we have moved closer to reserve equilibrium and NSR buybacks. The system is working and NSR buybacks are steadily drawing closer.
FLOT 3-of-5 multisig
Balance of BqyRzFtWXDmjxrYpyJD42MLE5xc8FrB4js is 303357.49 NBT
Liquidity Operations
Balance of BJLmVRdGFi4q7Zidwzr4CPPsLT6pozR31a is 516728.74 US-NBT
Liquidity Operations
Balance of B71AkDjzm4S24KoXGoq6W3hynexAyNb9FV is 77442.67 US-NBT
Liquidity Operations
Poloniex balance is 61324.98 US-NBT
Liquidity Operations
Bittrex balance is 9708.40 US-NBT
NuLagoon
Balance is 27777.00 US-NBT
Total parked US-NBT is 8088.95
Total US-NBT in circulation is 136,742.66
CN-NBT
Total CN-NBT = 2,000,000
Shareholder controlled CN-NBT
Liquidity Operations
Balance of YhSEw9AGBJ3KtqLrxeQrcsTVk5u57pA88m is 2000000
Total parked CN-NBT is 0
Total CN-NBT in circulation is 0
Total NuBits (including all kinds) in circulation is 136,742.66 US-NBT
Reserves (in US-NBT)
Poloniex: 12072.97
NuLagoon: 2848.11
Bittrex: 3350.8
Total Tier 1 reserves: 18271.88 Total Tier 4 reserves: 0 The primary reserves in tier 5 and 6 are undefined, but monthly liquidity of NSR is currently 89,116 US-NBT
We are required to have 66,034.01 US-NBT in tier 1 through 4 reserves. This means that as soon as 47,472.13 US-NBT is raised through NSR, US-NBT or CN-NBT sales on a combined basis, any additional funds raised can go to NSR buyback, less any additional reserve requirements or funds spent going forward.
47472 .13 US-NBTNeed to rely on the sale of NSR to achieve it?
Now every day to sell 4000000NSR only get 0.5BTC, which takes a very long time to achieve it!
Some time ago to sell 2000000NSR a day, later said to reduce to 1000000NSR every day, why now need to sell 4000000NSR?
NSR is only sold to take the fate of cash it?
We will raise the $47000 needed to reach equilibrium by selling NSR if necessary in the amount of 1% of the shortage from equilibrium (that is about $470 right now) each day. Much better would be to raise the $47,000 by selling currency, either US-NBT or CN-NBT. There is no reason it needs to be done with painful NSR sales.
Here is a graph of the total currency in circulation data reported in this thread. It looks ugly, but it does level off toward the end of the year. Even with the Poloniex delisting announcement on December 19th and the fast moving Bitcoin rally from $790 to $1023 since then, the currency supply took only a modest dip.
With extraordinary downward pressure on the money supply only slightly reducing the number of NuBits in circulation, we appear to be in a good position for a turnaround in the direction of the money supply.
